According to Recto, Pacquiao deserves better
treatment from the tax bureau, which is unwittingly potraying him as a tax
evader.
Recto stressed Pacquiao’s earnings from his
fights in the United States (US) should no longer be taxable since he has
already paid for it with the Internal Revenue Service (IRS).
The senator said he was appalled on how
Pacquiao is being treated here compared to the “respect and adulation” that he
enjoys before the global sporting community.
“Sila kaya sumubok na magpagulpi sa ring.
Bakit nila ginagawa ito sa kanya?” (Why don’t they try fighting and getting
mauled in the boxing? Why are they doing
to him?), Recto, Senate ways and means chair, said.
“How much goodwill and pride has he given to
the country? Manny deserves a better treatment,” he added.
He said even the people running after him
would not be able to equal the amount of taxes that he paid in recent years,
which had made him as one of the consistent top taxpayers.
“His income was not generated from here and
he has already paid his taxes in the US. That would be double taxation,” Recto
said.
He said the BIR could only run after
Pacquiao’s earnings from commercial endorsements and other local
income-generating activities.
“It seems personalities who clobbered
poverty and became successful are now natural suspects for tax evasion and
ill-gotten wealth,” Recto said.
He said Pacquaio’s wealth is borne out of
hard work and not a mere inheritance from affluent relatives or from lotto
winnings.
Pacquiao is now the subject of a tax probe
for alleged discrepancies in his income tax returns, particularly his income
returns in 2010. (Office of Senator
Ralph G. Recto)
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